Financial markets and institutions

Saunders, Anthony, 1949- (author.). Cornett, Marcia Millon, (author.). Erhemjamts, Otgontsetseg, (author.).

Summary:

"The last 30 years have been dramatic for the financial services industry. In the1990s and 2000s, boundaries between the traditional industry sectors, such as commercial banking and investment banking, broke down and competition became increasingly global in nature. Many forces contributed to this breakdown in interindustry and intercountry barriers, including financial innovation, technology, taxation, and regulation. Then in 2008-2009, the financial services industry experienced the worst financial crisis since the Great Depression. Even into the mid-2010s, the U.S. and world economies have not recovered from this crisis. It is in this context that this book is written. As the economic and competitive environments change, attention to profit and, more than ever, risk become increasingly important. This book offers a unique analysis of the risks faced by investors and savers interacting through both financial institutions and financial markets, as well as strategies that can be adopted for controlling and better managing these risks. Special emphasis is also put on new areas of operations in financial markets and institutions such as asset securitization, off-balance-sheet activities, and globalization of financial services"-- Provided by publisher.

Record details

ISBN: 9781260772401
ISBN: 9781265561437
Physical Description: xxvi, 803 p.,
Edition: Eighth edition.
Publisher: New York, NY : McGraw-Hill Education, 2022.

Content descriptions

Bibliography, etc. Note:	Includes bibliographical references and index.
Formatted Contents Note:	Part 1. Introduction and overview of financial markets -- Introduction -- Determinants of interest rates -- Interest rates and security valuation -- The federal reserve system, monetary policy, and interest rates -- Part 2. Securities markets -- Money markets -- Bond markets -- Mortgage markets -- Stock markets -- Foreign exchange markets -- Derivative securities markets -- Part 3. Commercial banks -- Commercial banks -- Commercial banks’ financial statements and analysis -- Regulation of commercial banks -- Part 4. Other financial institutions -- Other lending institutions -- Insurance companies -- Securities firms and investment banks -- Investment companies -- Pension funds -- Fintech companies -- Part 5. Risk management in financial insitutions -- Types of risks incurred by financial institutions -- Managing credit risk on the balance sheet -- Managing liquidity risk on the balance sheet -- Managing interest rate risk and insolvency risk on the balance sheet -- Managing risk off the balance sheet with derivative securities -- Managing risk off the balance sheet with loan sales and securitization.
Target Audience Note:	Ages 18+ McGraw-Hill Education.